Finance ministry to stay open this weekend
4 Aug 2012 6:41 AM IST
The finance ministry will work this weekend apparently reflecting the new minister P Chidambaram’s plans to quickly firm up measures to tackle the current economic situation.
It will be business as usual for the entire staff on Saturday and officers above joint secretary rank will attend office on Sunday.
P Chidambaram, considered a hard task master, took charge of the ministry on 1 August after a gap of about four years. He was the finance minister of India during 2004 to 2008.
The re-entry of Chidambaram comes at a time when the economy is threatened by deficient monsoon putting pressure on already high food inflation. Other issues which the ministry has to tackle on urgent basis includes slowing industrial outp ut, subdued exports, rising fiscal deficit and declining investor confidence.
It will be business as usual for the entire staff on Saturday and officers above joint secretary rank will attend office on Sunday.
P Chidambaram, considered a hard task master, took charge of the ministry on 1 August after a gap of about four years. He was the finance minister of India during 2004 to 2008.
The re-entry of Chidambaram comes at a time when the economy is threatened by deficient monsoon putting pressure on already high food inflation. Other issues which the ministry has to tackle on urgent basis includes slowing industrial outp ut, subdued exports, rising fiscal deficit and declining investor confidence.
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